In the past, people did very little planning for long term care needs because life expectancies were so much shorter and family members were usually able to provide care. Changes in our society and the family make this much more difficult today. Smaller families, family members moving to other locations, both heads of household working, mean family members are less likely available as a care giver while at the same time you are much more likely to need a care giver. Your children will be sandwiched between you and their own children. Women were traditionally the care giver, now 47% of women work outside the home. Adding parental care to a life style already packed with the demands of work and family can be too overwhelming making the relationships between you and your children begin to deteriorate at a time when you need your relationships to be better than ever. Family care givers are much more likely to experience depression and anxiety.
Long Term Care is provided to people who are unable to perform the basic tasks of everyday living, on their own for an extended period, due to chronic medical, physical, cognitive conditions or disabling injuries.
The need for assistance is often diagnosed by one’s ability to perform Activities of Daily Living - transferring, walking, bathing, dressing, toileting, etc.
Long Term Care Insurance covers long term care services provided in your home, other community based settings, an assisted living facility and a nursing home. Medicare, supplemental insurance and traditional health and disability insurance do not cover chronic long term care services. Long Term Care Insurance does. There are two general types of long term care insurance sold in New York State; Traditional Long Term Care and New York State Partnership for Long Term Care.
Long Term Care Insurance premiums are dependent upon many factors. The age at which you purchase, your health, the amount of coverage you want and how long you want to cover are a few of the most important considerations. New York State provides an income tax credit and the Federal Government allows deductions, dependent upon your age, for all tax qualified long term care insurance policies to help people afford long term care insurance coverage.
Metro ElderCare Agency, LLC was founded in 1995 as a way to meet the needs of families when Medicaid planning becomes a necessity and reasonable fees a must. Insurance and Estate Planning were added to assure total solutions to clients needs.
Servicing clients throughout Nassau, Suffolk, Westchester and New York City.
The Time is NOW. Call today for a consultation 516-797-0601
“Large enough to help you navigate the system, but small enough to provide the caring service.”
Metro ElderCare LLC, has served our clients with time tested values, such as honesty, integrity and diligence. It is by these standards that we have maintained long standing relationships with our clients, home care agencies, nursing homes and insurance companies. By using our resources and by listening to and working with our clients, we can identify the solutions that best allow our clients to achieve their goals.
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